Agree on IMOS outlook, but can't ignore downward swoon of 8150 ($38.50TWD) and 6147, as well as 3034-Novatek.. TWSE has been hit hard and this is the macro risk many have concerns about.
On the bright side, Himx held up well and I see an opportunity to increase an already heftty position iin IMOS if share price drops further before ( or after ) next week's CC. Their customers are too reassuring that business outlook remains strong through year end, and at this level conversion remains a good risk/reward play imo
In addition to Taiwan market, 8150, Chipbond and Novatek - post earnings AMKR, SPIL & CODE pulled back hard. Part could be market, seasonal, sector rotation and sell the (good) news.
Chippy's revenue number for July should be out by Friday or Monday.
During cc I hope management sheds some light on when exactly will they put the share collapse proposal for us to vote - repeating the standard line that they are working on it may not be enough.
Chippy spending a lot of time testing $23.50